The recent Board Meeting held on March 13, 2025, in California focused on the district's financial status and budget adjustments for the upcoming school year. Key discussions included an increase in salaries and benefits due to unanticipated vacancies and additional costs associated with substitute teachers. The board highlighted the need for careful financial management as they navigate these unexpected expenses.

The meeting revealed that the district's projected revenue for the year is approximately $69 million, with a total available budget of around $97 million. However, after accounting for projected expenses of $79 million, the board must transfer $263,000 to support the state preschool program, leaving a balance of $17 million. Of this amount, $12 million is restricted for specific educational programs, including Title 1 and special education services, which are mandated by state regulations.

The board also discussed the importance of maintaining a reserve fund, which currently stands at 7.22%, exceeding both the state requirement of 3% and the district's own requirement of 4%. This reserve is crucial for ensuring financial stability and addressing any unforeseen costs that may arise.

Additionally, the meeting touched on encroachments in special education funding, which remains a significant concern due to insufficient government support. The board emphasized the need for ongoing monitoring of these costs to ensure that the district can continue to provide necessary services.

In conclusion, the board recommended approving the second interim budget with a positive certification, indicating that the district is on track for a positive ending balance this year and in the next two years. The next budget presentation is scheduled for June 2025, where further adjustments may be discussed as financial conditions evolve.